The only people that will get jobs from this mining bill are lawyers. As written, it's almost guaranteed that it will never built. But I don't think they ever intended to build that iron ore mine anyways.

It's not popular with a lot of people, and surely not the people that live near the proposed site either. Not surprisingly:

With only one exception, DNR would have no authority or power to prevent the mining company from drying up lakes, rivers, streams, ponds, springs, wetlands or wells, so long as the company was willing to take steps to improve groundwater anywhere else in the state.

The only exception is that DNR would be required to include conditions to protect “privately owned high-capacity” wells (i.e., private businesses) from mining company drawdown of water (or the mining company must pay them out), but would not have any power to protect municipal water sources or private residential wells.Link

Get that? A mining company can draw down and/or pollute any water source they please and there is nothing the DNR, a municipality, or private well owner can do about it. With one exception: a private business.